Cyber Insurance Market

AON released its annual report on the US Cyber Market based on the NAIC Cyber supplement fillings () . Compared to the earlier estimate of at 72%, AON estimates the 2020 US Cyber Loss ratio at a more benign 67%. The expense ratio, which is not directly reported in the NAIC fillings, but estimated as […]

Axa has for its French home market announced that it will temporally stop underwriting ransomware coverage in its cyber insurance policies (), waiting for clarification of the local French regulator with regards to the lawfulness of ransomware payments. While the ransomware related incident response expenses are still covered, the measure is limited to the French

Based on its own research and data from S&P Intelligence, Fitch estimates the 2020 cyber loss ratio for the US market at 73%, indicating an industry-wide underwriting loss.